UBO: grace period for registration

The Belgian anti-money laundering law obliges companies, (international) non-profit organisations and foundations to collect and maintain sufficient, accurate and up-to-date information about their ultimate beneficial owners (or UBOs). Directors, managers, etc. had until 30 September 2019 to send the data on the ultimate beneficial owners electronically to the UBO register.

The deadline has not been postponed, but the FPS Finance will apply a grace period until 31 December 2019 and will not apply any sanctions during this period.

More information on the UBO register can be found on the website of the FPS Finance.